A report states that Kyrie Irving will decline a $43 million player option with the Dallas Mavericks to sign a three-year extension

Dallas Mavericks point guard Kyrie Irving made headlines on Tuesday, declining his player option and signing a three-year, $119 million extension. The deal not only locks in the Mavericks' star long-term, but it could also pave the way for the team to make a run at free agent point guard D'Angelo Russell, according to Marc Stein.

Kyrie Irving is declining his $43-million player option, but he's not leaving the Dallas Mavericks, sources told ESPN's Shams Charania.The star guard intends to sign a new three-year, $119-million contract with the team,